Fidelity Enhanced International ETF (NYSEARCA:FENI) Sees Strong Trading Volume – Still a Buy?

Fidelity Enhanced International ETF (NYSEARCA:FENI) saw unusually-strong trading volume on Thursday . Approximately 704,557 shares were traded during mid-day trading, an increase of 178% from the previous session’s volume of 253,038 shares.The stock last traded at $29.81 and had previously closed at $29.58.

Fidelity Enhanced International ETF Trading Up 0.2 %

The company has a market cap of $1.56 billion, a PE ratio of 12.54 and a beta of 0.68. The company has a fifty day simple moving average of $28.29 and a two-hundred day simple moving average of $28.74.

Institutional Investors Weigh In On Fidelity Enhanced International ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mutual Advisors LLC increased its stake in Fidelity Enhanced International ETF by 2.3% in the fourth quarter. Mutual Advisors LLC now owns 19,721 shares of the company’s stock valued at $549,000 after purchasing an additional 447 shares during the period. Farther Finance Advisors LLC raised its stake in Fidelity Enhanced International ETF by 77.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,305 shares of the company’s stock valued at $40,000 after acquiring an additional 568 shares during the last quarter. Nwam LLC grew its stake in shares of Fidelity Enhanced International ETF by 3.1% in the 4th quarter. Nwam LLC now owns 19,031 shares of the company’s stock valued at $524,000 after purchasing an additional 575 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of Fidelity Enhanced International ETF by 55.1% in the fourth quarter. Harbour Investments Inc. now owns 2,414 shares of the company’s stock valued at $66,000 after purchasing an additional 858 shares during the period. Finally, OmniStar Financial Group Inc. raised its stake in shares of Fidelity Enhanced International ETF by 7.7% during the third quarter. OmniStar Financial Group Inc. now owns 12,088 shares of the company’s stock worth $367,000 after purchasing an additional 860 shares during the last quarter.

Fidelity Enhanced International ETF Company Profile

The Fidelity Enhanced International ETF (FENI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in companies of any capitalization in developed markets, excluding the US and Canada. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the MSCI EAFE Index.